Shelron Group (fka SRNG)

[LoanStew]

Trunkmonk,
Often times, historically, when you hear about a buyback from a large cap company, say, Microsoft or Proctor & Gamble, it happens. But when BB stocks (not so much Shelron in particular) and pinksheet stocks discuss a buyback in a PR, it is usually just an effort to prop up the price, for whatever reason. Companies protect themselves with forward-looking statement provisions, meaning that no matter what they have stated, that can all change. It is possible Shelron bought back 1000 shares. Technically, they would have fulfilled their statement. Ethically? That is a good question, surely a medium for discussion here.
By paying off the debt in this manner, Shelron has limited their options in further financing, without taking measures to increase the available shares, either by a reverse split or by increasing the amount of authorized shares.
Of course, if the 10K shows a 4th quarter with either significantly lower losses, or even a profit, it would shed a different light, as cash flow will have been restored or at least under better control. We'll have to see in the next 2 months what the 10K reveals.
The above is my opinion.
Happy Trading!